In the developed and growing world of business, establishing a company in the Dubai Free Zone is a smart and important investment step. Dubai Free Zone is characterized by a distinctive investment environment and a favorable business climate, making it an ideal destination for ambitious businessmen seeking to start their own projects.

In cooperation with Itqan Company, those wishing to establish their company in the Dubai Free Zone can benefit from experience and specialization in the field of company establishment . The company provides specialized consulting services that include providing advice on incorporation procedures, arranging the necessary documents, and assisting in obtaining the necessary licenses and permits.

Establishing a company in the Dubai Free Zone opens doors of opportunity and success in a growing and prosperous market. It provides an environment conducive to business and innovation, and provides an opportunity for companies to access global markets and expand their business easily.

Through this cooperative, investors and businessmen can benefit from strategic guidance and technical support to establish their company in the Dubai Free Zone efficiently and professionally. It is a great opportunity to build a bright and successful future in the business world.

Establishing a company in the Dubai Free Zone

Establishing a company in the Dubai Free Zone has specific steps, the most important of which are:

1. Choosing the appropriate free zone:

• Dubai offers many free zones, such as Jebel Ali, Jumeirah Island, and others.
• Choose the area that suits your business and provides the required benefits.

2. Choosing a company structure:

• Decide on the type of company (joint stock, limited liability, sole proprietorship, etc.).
• Determine the ownership structure, whether single founder or partners.

3. Obtaining approvals and licenses:

• Apply for initial approval from the selected free zone authority.
• Complete the procedures for obtaining a commercial license from the competent authority.

4. Opening a bank account:

• Open a bank account for the company in one of the approved banks in the free zone.
• Submit all required documents such as the trade license and articles of association.

5. Company and employee registration:

• Register the company and employees with the relevant government agencies.
• Complete the procedures for obtaining residency permits for foreign employees, if necessary.

A specialized consulting company, Itqan, can be used to facilitate this process. Dubai free zone authorities also provide the necessary support and guidance. This process requires fees and a certain time, but Dubai is an attractive environment for establishing companies for foreigners.

Permits necessary to establish a company in the free zone

Permits to establish a company in free zones in Dubai vary based on the type of company and its planned activity, examples of which include:

• Commercial activity license: Issued by the Department of Economic Development in Dubai and specifies the company’s activity.
• Head Office License: Determines the company’s location in the free zone.
• General agency permit: If the company represents a foreign company in the free zone.
• Work and residence permits: for foreign employees and managers.
• Industry/production permit: for companies operating in the field of industry or production.
• Tourism and travel permit: for companies operating in the tourism and travel sector.
• Building and construction permits: If the company intends to carry out building or construction work.

Basic documents for establishing a company in the Dubai Free Zone

The basic documents you usually need to establish a company in a free zone in Dubai include:

1. A copy of the founders’ passport: The copy must be valid.
2. A copy of the residence visa for the founders: if they reside in the UAE.
3. Company Registration Form: Submit and fill in the necessary information to register the company.
4. Signatory authorization: If there is an employee appointed to represent the company in registration processes.
5. A copy of the lease contract or space use permit: proving the location of the company’s office in the free zone.
6. Financial report: Some companies may be required to submit a financial report showing the company’s ability to bear costs.
7. Registration fees: You must pay the fees required to register the company and obtain the necessary licenses.
8. A copy of the business plan: Some companies may be required to submit a business plan outlining future growth and expansion plans.
9. Details of directors and shareholders: Personal details of all directors and shareholders of the company must be provided.

Expected costs of establishing a company in the Dubai Free Zone

The cost of establishing a company in a free zone in Dubai varies based on several factors, including the type of company, its activity, and its legal requirements. Among the expected costs:

1. Registration and license fees: These include the costs of company registration, business licensing, and the costs of necessary permits.
2. Rental costs: depend on the location and size of the office, and are among the main costs of establishing a company.
3. Legal and accounting consulting fees: You may need legal or accounting consulting to complete the incorporation processes, and these include fees for services provided.
4. Tax registration costs: If the company is required to have tax registration.
5. Insurance costs: include insurance for employees, equipment and property.
6. Marketing and advertising costs: to promote the company and its services.

Advantages provided by free zones in Dubai

Free zones in Dubai provide a range of competitive advantages for companies, including:

• 100% Foreign Ownership: Foreign investors are allowed to own their companies 100% without the need for a local partner.
• Tax exemptions: Companies in free zones enjoy tax exemptions on income, real estate taxes, and customs duties for a specific period, and these exemptions are often extended for additional periods.
• Advanced infrastructure: Free zones provide advanced infrastructure that includes modern facilities, excellent locations, and advanced communications, which facilitates production and distribution operations.
• Facilitated registration procedures: Free zones offer easy and quick registration procedures for establishing companies, which reduces costs and administrative procedures.
• Easy access to regional and global markets: Dubai is a global trade hub, and free zones provide easy access to the Middle East, North Africa and Asian markets.
• Facilities for foreign workers: Free zones provide facilities for obtaining work and residence permits for foreign workers, which facilitates the recruitment process and enhances production efficiency.
• Business Support Services: Free zones provide business support services such as legal, financial and logistical consulting to help companies grow and expand.

Directions for establishing a company in the free zone

Here are some general guidelines for establishing a company in the Dubai Free Zone:

1. Choosing the appropriate free zone: There are several free zones in Dubai, and each zone has different rules and requirements. Study the available areas and determine which area best suits your business.
2. Preparing the Business Plan: Prepare a comprehensive business plan that includes market analysis, objectives and strategies, structural organization, and cost and revenue estimation.
3. Establishing the company: Register the company and submit the required documents, such as authorization, contracts, and filling out the necessary forms.
4. Obtaining licenses and permits: You may need to obtain a business license from the competent authority in the free zone, and additional permits depending on the company’s activity.
5. Capital arrangement: Determine the capital required to establish the company and secure it in the designated bank account.
6. Compliance with Laws and Regulations: Ensure compliance with all local legal and financial laws and regulations applicable in the free zone.
7. Local advice: Consult a local legal advisor or accountant who specializes in setting up companies in Dubai free zones for accurate and specialized guidance.
8. Providing necessary services: Arrange necessary services such as business address, office and logistics services, human resources and legal support.
9. Follow up on legal obligations: Ensure ongoing compliance with all legal and dispatching obligations specified by the competent authorities in the free zone.
10. Take advantage of the privileges: Take advantage of the privileges available in the free zone, such as tax exemptions and the freedom to fully own property for foreigners.

In conclusion, establishing a company in the free zone in cooperation with Itqan Company represents a strategic and important step in the business world. The Dubai Free Zone provides a distinguished investment environment, as it provides freedom for 100% foreign ownership and offers a range of privileges and facilities for emerging and medium-sized companies.

By cooperating with Itqan Company, you can benefit from specialized advisory support to establish your company in the Dubai Free Zone with ease. The company provides the necessary instructions to choose the appropriate type of license, provide the required documents, and complete the legal procedures accurately and professionally.

By choosing to establish your company in the Dubai Free Zone and in cooperation with Itqan Company, the doors of opportunity for prosperity and success will open before you in a distinguished business environment that stimulates innovation and development. Do not hesitate to start now and invest in a promising future for your company in the Dubai Free Zone.

The most frequently asked questions about establishing a company in the Dubai Free Zone